Flipkart has shut down the eBook store it started three years ago. Flipkart had launched the eBook store with a wide collection of E-books from several publishers around the world. In 2012, the company had launched Android App too and later launched iOS and Windows Phone apps. Flipkart has removed its ebooks catalogue and pulled down the e-book store from its website.
Starting from December 11, Flipkart will no longer sell Ebooks. However, Flipkart is handing over its Ebooks business to Kobo. Kobo is from japanese based Rakuten. Rakuten is Japans largest E-commerce company. Users who have purchased eBooks on Flipkart will be able to read it on Kobo ebooks. Starting December 17th, users will be able to migrate their Flipkart library to the Kobo store. Kobo already has a presence in India since late 2013 so it should not come as a surprise to those who use Kobo.
Flipkart had launched its eBooks in a format that could not be copied or shared expect for one shares on social media websites. Flipkart's eBook store had competed with Amazon's Kindle and Kobo eBooks. The eBooks space is currently crowded with a few players and mostly big names.
Previously, Flipkart has shut down other businesses which include its Flyte music store and its payment gateway, Payzippy. This is the third time that Flipkart has shut down another business it started.